Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,057 shares of the Internet television network’s stock after selling 19 shares during the period. Jeppson Wealth Management LLC’s holdings in Netflix were worth $942,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NFLX. Patrick M Sweeney & Associates Inc. purchased a new position in Netflix in the 4th quarter valued at $226,000. KFA Private Wealth Group LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $252,000. Fortress Wealth Management Inc. acquired a new position in shares of Netflix during the fourth quarter worth about $207,000. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares in the last quarter. Finally, Buffington Mohr McNeal acquired a new stake in Netflix in the fourth quarter valued at about $202,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $971.89 on Tuesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $999.00. The company has a 50 day moving average price of $895.13 and a 200 day moving average price of $768.18. The firm has a market capitalization of $415.44 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. During the same quarter in the previous year, the business earned $2.11 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Bank of America upped their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, TD Cowen raised their price objective on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at approximately $64,435.10. The trade was a 99.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 147,117 shares of company stock worth $123,913,691. Corporate insiders own 1.76% of the company’s stock.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.